CTAs Are Holding Gold, But Selling Silver, Copper, & Oil

Now that gold and silver have sold off, we're seeing a change in the positioning in the market.

There's been short covering by the banks on the silver side as the price came down $5 after trading over $32.75 at its peak this year.

In gold, the bank short position has continued to increase even during the recent pullback, and the gold price has remained firmer. With December futures still trading at $2,444 on Thursday morning.

And in this morning's show, Vince Lanci takes a look at the way the CTAs (Commodity Trading Advisors) have changed their positioning, and where that leaves the gold and silver markets.

He also goes through the daily financial news, and to find out more, click to watch the video now!

Arcadia Economics

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